LAR · NYSE · Industrial Materials

Lithium Argentina (LAR)

Produces lithium carbonate in Argentina while advancing its regional brine development pipeline.

$6.14
After hours+0.07 (+1.08%)
At close$6.08(+2.62%)
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Lithium Argentina AGLAR
Materials

Produces lithium carbonate at Cauchari–Olaroz for lithium-ion batteries and electric vehicles. The business combines its operating stake in that project with the PPG development pipeline in Argentina’s Pastos Grandes Basin.

Produces lithium carbonate at Cauchari–Olaroz in Jujuy Province, Argentina, primarily for lithium-ion batteries and electric vehicles. The operating project is jointly owned with Ganfeng Lithium through Minera Exar. Its assets are lithium brine operations.

Its reportable businesses are Cauchari–Olaroz and the Pastos Grandes Basin, where it is advancing PPG in Salta Province with Ganfeng. Cauchari–Olaroz has moved from commissioning into commercial production, while PPG remains a development project.

Capital budgets at Cauchari–Olaroz require agreement with Ganfeng, and development is shaped by Argentine mining, environmental, and RIGI approvals. PPG depends on continued funding and development.

Company facts

CEOSamuel (Sam) Pigott
ListedJan 27, 2025
ExchangeNYSE
HeadquartersZug, Switzerland
CountrySwitzerland
Employees71
CIK0001440972
ISINCH1403212751

Market cap$969.9M
EPS (ttm)−$0.3303
P/E (ttm)−17.92
ROE-7.0%
P/B1.23
P/S
Dividend yieldDiv yield
Beta2.73vs XLB 0.93

Price target$9.50+56.0%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 25, 2026Stifel NicolausTarget
Target: $8.50
Target: $13
Aug 12, 2026ScotiabankReiterate
Rating: Target: $10
Rating: Sector OutperformTarget: $9.50
Aug 12, 2026Deutsche BankReiterate
Rating: Target: $10
Rating: BuyTarget: $8.75
Jul 28, 2026ScotiabankReiterate
Rating: Target: $11
Rating: Sector OutperformTarget: $10
Jul 14, 2026Deutsche BankTarget
Target: $12
Target: $10

Next report
Nov 9, 26
in 48 days
EPS estimate
$0.12
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.03−$0.04−$0.03−$0.39$0.00$0.05$0.01Pending
Estimate−$0.04−$0.01−$0.02−$0.01$0.06$0.12$0.17$0.12
Surprise+25.0%−300.0%−50.0%−3,800.0%−105.8%−58.3%−94.1%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$58.0MPending
Estimate$36.8M$43.8M$54.4M$62.3M
Surprise+6.7%
Estimate$0.12
ReportedDue Nov 9, 2026
Estimate
ReportedDue Nov 9, 2026
View details

Debt to equity31.90%
Current ratio47.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$2.4M−$4.8M−$7.2M−$4.1M−$64.4M$262.0K$8.8M$1.3M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$7.8M−$8.7M−$10.1M−$10.5M−$7.9M−$8.9M−$11.0M−$9.6M
YoY growthLoss widenedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $99.7M · Total debt $251.5M · Total assets $1.15B · Shareholders' equity $788.5M

Revenue
$0
Operating income
−$9.6M
Net income
$1.3M
View details

No dividends on record.

Institutions≈ 33.79%54.87M ADS
172 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Strategic holders10.87%17.65M ADS
1 holder · as of Aug 1, 2022
Other≈ 55.34%89.89M ADS
remainder

162.41M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Fifthdelta LtdStrategic
10.87%17.65Mfiled Aug 1, 2022
Van Eck Associates CorpInstitution
5.62%9.13M ADSas of Jun 30, 2026
D. E. Shaw & Co., Inc.Institution
3.61%5.87M ADSas of Jun 30, 2026
Millennium Management LLCInstitution
3.46%5.61M ADSas of Jun 30, 2026
Jane Street Group, LLCInstitution
3.08%5.00M ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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CompareAfter hours

CompanyPriceChange
Lithium Argentina$6.14+1.08%$969.9M15.6+134.3%
Rio Tinto (ADR)$97.49−0.01%$157.69B13.22.6+57.4%
SQM (ADR)$70.69+0.71%$19.86B14.38.92.9+136.7%
Albemarle$117.45+0.58%$13.32B11.92.3+31.1%
POSCO (ADR)$59.05+0.02%$17.57B15.415.80.3+4.3%
Median14.311.92.4+44.2%